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Dec 3, 2012
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well, investors are watching those fiscal cliff talks happening in washington. there was confidence. then there wasn't. we'll see what happens. on friday all eyes will be on that november jobs report. a couple of stocks you might want to keep your eye on today. dell, which got an upgrade from goldman sachs, and yahoo, which lost a $2.7 billion settlement in a mexican federal court late on friday. see what happens with those things impacting those prices. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities mo
well, investors are watching those fiscal cliff talks happening in washington. there was confidence. then there wasn't. we'll see what happens. on friday all eyes will be on that november jobs report. a couple of stocks you might want to keep your eye on today. dell, which got an upgrade from goldman sachs, and yahoo, which lost a $2.7 billion settlement in a mexican federal court late on friday. see what happens with those things impacting those prices. tdd#: 1-800-345-2550 when i'm trading,...
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Dec 4, 2012
12/12
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well, the fiscal cliff now. republicans are proposing a brand new plan to prevent the so-called falling off of that cliff. the automatic tax hikes and spending cuts that are set to kick in on the first of the year. the proposal counters one from the white house which republics deemed a joke. the g.o.p. plan would at least for now extend the bush era tax cuts including those cuts for the wealthiest americans it proposes raising $800 billion from tax reform over the course of the decade. and includes more than a trillion dollars in spending cuts. but monday none of them he really detailed. in addition the plan called for changes to the so-called entitlement programs, increasing the eligibility age for medicare and lowering the annual cost of living hikes for social security hikes. flu our -- put theirs on the table and dared republicans to do the same. >> they have done that tonight. the officials saying that the counter offer is ridiculous. they are hammering the fact that there is not enough in terms of tax reve
well, the fiscal cliff now. republicans are proposing a brand new plan to prevent the so-called falling off of that cliff. the automatic tax hikes and spending cuts that are set to kick in on the first of the year. the proposal counters one from the white house which republics deemed a joke. the g.o.p. plan would at least for now extend the bush era tax cuts including those cuts for the wealthiest americans it proposes raising $800 billion from tax reform over the course of the decade. and...
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Dec 7, 2012
12/12
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and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed political seats. >> tom: you could argue in the three years you've been away from the nbr anchor desk congress hasn't done a lot to address the fiscal situation. >> no it's just ridiculous. i mean these are our elected representatives and they have got to pay a little more attention to those that got them in the office. and they're arguing amongst themselves without much care about the people they represent. >> tom: a lot of those folks are retiree, we have a question from anita asking what is the investing or financial planning lesson paul use most during retirement? >>
and one of our viewers has a question for you about the fiscal cliff. you know all about the back and forth and drama about the fiscal cliff and delores wants your thoughts on where do you stand on this whole fiscal cliff, how will it play out. >> congress better get off its duff and do something. and i think that finally the pressure will be on us. but they always do it right to the last, you know, minute. but i think it's got to happen or they're going to be ousted from their hallowed...
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Dec 6, 2012
12/12
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WMAR
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. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending
. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication...
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Dec 7, 2012
12/12
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i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they reach a compromise. i think the republicans are likely to cave on the rate and you close a few deductions. >> do you think they will. >> i do. >> because they are saying they are not going to cave. >> there is going to be no deal on that. they are to the going to go into january, as mark said, and say to the country, hey, we're going to raise your taxes but we have to serve the rich people. they're just not going to do that with the polls, so they're going to cave. they will not get up to 39% but they could get to 37. so say you get to 1.2 trillion in revenue. you still need spending cuts so the presi
i think if we do go off the cliff and recession, i think the fiscal cliff is completely unpredic unpredict-- predictable, especially with a fragile economy, the wall street and the corporate economists are deeply scared about it. that recession really would, you know, wreck his term because we would be obsessed with that for the next couple of years. and so i don't think it's a total walk for him but he clearly has the upper hand. and then there is just the sheer fact of the numbers. say they...
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(laughter) our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bare-bones competence and middle school level maturity. (laughter) so the there a deal. >> there's, of course, no deal. >> jon: of course! is there there a prospect for a deal? >> there's not a prospect for a deal. >> jon: of course! (laughter) but the ongoing talks -- >> there aren't even very many talks going on. (laughter) >> jon: damn! you're kidding us! give us something! >> but for the first time there are numbers on pieces of paper from both sides. >> jon: numbers on paper! (cheers and applause) we have numbers on paper! from both sides! (whispering snvpld we're all going to be okay. (laughter) how were -- numbers on paper. how were negotiations being conducted before they decided to put numbers on paper? (laughter) were they communicateding by pheromones like aunts? (laughter) vanity cards? is that how this was going? were the two sides just spray paintin
(laughter) our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bare-bones competence and middle school level maturity. (laughter) so the there a deal. >> there's, of course, no deal. >> jon: of course! is there there a prospect for a deal? >> there's not a prospect for a deal. >> jon: of course! (laughter) but...
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Dec 5, 2012
12/12
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CNBC
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Dec 5, 2012
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they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarth
they are nowhere near a deal to avoid the so-called fiscal cliff. peter doocy is life in washington with more. >> republicans have had their proposal to avoid the fiscal cliff complete with 800 billion of new revenue over a decade on the table for more than a day now. it has yet to be publicly embraced by the slightest bit by any prominent democrats. because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard...
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i wanted just go back to the fiscal cliff just for a scond. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i dn't hear creative, imaginative, if you will, rhetic or language or positioning or messaging. >> we have been for about three years now. so i think there's no reason for it to start now. what house republicans have to understand is they are the republican party for the next four years and have to have messaging and basically tell the american public what there doing and why they're doing it. they can't be for tax cuts, for spending cuts. they have to articulate how it fits in the big picture. there are some skilled people that need to step forward. lou: would i be too cynical to say that perhaps the president has an additional advantage in this little carrousel of nonsense around the fiscal clef in that it also deflects and distracts from that half trillion dollars in new taxes that will be hitting the middle class in this country as a resultf obamacare beginning
i wanted just go back to the fiscal cliff just for a scond. that is, the republican messaging, if you will. they have an opportunity here, it seems to me, as well as a problem, but i dn't hear creative, imaginative, if you will, rhetic or language or positioning or messaging. >> we have been for about three years now. so i think there's no reason for it to start now. what house republicans have to understand is they are the republican party for the next four years and have to have...
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every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september traded as low as 518 today. certainly has been under significant pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small businesses in their district, they will highlight what they say i see ae small business tax hike president obama is pushing. the president is skipping town also for a quick stop in northern virginia. there he
every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september...
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Dec 5, 2012
12/12
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with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, ther there a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary tkpwaoeugter in'ers.e.c.geithneg over the cliff, the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me -- or do not used a skwrebgive thes like "curt," "frank" and "direct" m
with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, ther there a code of silence the...
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Dec 7, 2012
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silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the name of mcilroy. he can't decide who the quarterback is going to be. that's the same problem republicans are having. >> wow. for those of you who don't live in new york or follow football, the new york jets are an nfl team currently plagued by horrible things. infighting and embarrassing losses that culminating with mark sanchez's infamous butt fumble on thanksgiving. it shows how grim it is for the new york jets since their name is synonymous with failure and infighting. even when they won by a mechely point, their hometown pape
silent over the fiscal cliff. most have headed home and the left and right aren't speaking to each other. of course, even though they're not talking to each other, that doesn't mean they're not talking about each other. here's what harry reid had to say about republicans today. >> not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan. he's got a problem. he has three quarterbacks. sanchez, he's got tim tebow, and he's got a guy by the...
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Dec 9, 2012
12/12
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how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure that they are paying a fairer tax rate as what happened in the clinton tax years when we had an economic boom. >> congresswoman, we hear all the time certainly from the republicans arguments against president obama's plan is the $250,000 tax hike threshold could hurt small businesses. we hear that from all people who come on to talk about why they are opposed to it from the right wing that small business owners are going to be the ones hurt by this, the job creators. when we talk about them filing taxes as individuals and the real ones out there, wh
how much is that is due to the looming fiscal cliff. joining me now is congresswoman judy, chair of the congress gregsal asian pacific caucus. it's great to have you here. we have been talking about the larger effects of this and the taxation issue and what will happen to the wealthiest of americans. how will going over the fiscal cliff affect small businesses? i believe that being able to have a fairer tax rate will benefit small businesses because small businesses will be able to make sure...
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Dec 5, 2012
12/12
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cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the proposal and economic rationale behind it laughable. >> we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> reporter: republicans answered back ba-humbug. >> this is absolutely not serious and the administration knows it. >> reporter: six governors, three from each party, met the president and said acid they believe business leaders in their states won't invest and hire until a deal gets done. >> until this g
cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income...
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Dec 10, 2012
12/12
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WBAL
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. >>> partisan effort to solve the fiscal cliff, president obama and john boehner met sunday to discuss the issue. republicans and democrats have been deadlocked how to prevent tax hikes and spending cuts set to kick in with the new year. the details of the conversation are being kept under wraps but both are saying the lines of communication are open. >>> the two deejays who pranked the hospital treating the duchess of cambridge last week now has had their show canceled. a nurse who was tricked by the hoax was found dead friday. the deejays who imperson ated queen elizabeth and prince charles say they are heartbroken and sorry if they played any role in the nurse's death. >>> mexican-american singing sensation jenni rivera was killed sunday when her plane cra crashed shortly after takeoff from monterey, mexico. all seven people were killed in the crash. a 43-year-old california native had sold more than 23 million records and was one of the biggest stars on mexican television. >>> south korean gangnam style singer psy did appear at last night's christmas in washington concert. under mo
. >>> partisan effort to solve the fiscal cliff, president obama and john boehner met sunday to discuss the issue. republicans and democrats have been deadlocked how to prevent tax hikes and spending cuts set to kick in with the new year. the details of the conversation are being kept under wraps but both are saying the lines of communication are open. >>> the two deejays who pranked the hospital treating the duchess of cambridge last week now has had their show canceled. a...
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i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white hse is giving me plenty of fodder forcurtains. and it is funny to think about these events, but a very traumatic and seious. they avoid the fiscal clff. we are talking about over $607 billion worth of money taken out of the economyext year. lou: i just want to put up the next cartoon that we have. it matters not which one you select. but this is one of my favorites. the debt commission saying it is verydifficult. is very complicated and then cut spending. i don't think you could have cut better on to the essence of the issue. the absurdity creating obstacles to that resolution in washington d.c. >> but the problem here is that frankly there is a fine and out capital that can be used up their divided either in the private sector which reates businesses and jobs and federal revenue or given to the government which is just a bureaucracy and cr
i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. >> absolutely. i always suggest, but the best tag riders in the world work for politicians. this white hse is giving me plenty of fodder forcurtains. and it is funny to think about these events, but a very traumatic and seious. they avoid the fiscal clff. we are talking about over $607 billion worth of money taken out of the economyext year. lou: i just want to put up the next...
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Dec 5, 2012
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who cares about the fiscal cliff? exactly ! >> steve: remember oliver twist. >> please sir, i need some more. >> steve: i do, too. well, it does seem like democrats are taking the oliver twist approach to solving the nation's financial problems. take a look at this. >> asking the wealthiest americans to pay a little more. >> asking the wealthiest americans to contribute a little bit more. >> the wealthy ought to pay a little bit more. >> the wealthy ought to pay more. >> the richest of the rich will have to pay more to solve the financial problems of this country. >> steve: i notice a trend. the problem is, they were just asking for a little bit more, those making over $250,000 a year. they're going to be hit with new taxes at the beginning of the year, regardless of whether or not a deal is reached on the so-called fiscal cliff. stuart varney has got the bad news and it's in small print of the health care reform. >> it is. under obamacare. everybody is looking at the fiscal cliff, tax the rich more for the fiscal. okay. we've
who cares about the fiscal cliff? exactly ! >> steve: remember oliver twist. >> please sir, i need some more. >> steve: i do, too. well, it does seem like democrats are taking the oliver twist approach to solving the nation's financial problems. take a look at this. >> asking the wealthiest americans to pay a little more. >> asking the wealthiest americans to contribute a little bit more. >> the wealthy ought to pay a little bit more. >> the wealthy...
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Dec 9, 2012
12/12
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WBAL
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he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought into that with events whether it be syria, iran. >> leadership just changed in china for the first time in 10 years, the most important economic relationship we have in the world and he's got to make headway there to make sure they stay on their reform path so they continue to grow and the world economy will be stronger. >> i agree, it's unanimous, the big foreign policy challenges are com
he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his...
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one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this out. i think america's got to think that what it needs to do is get growth in its economy, as well. and it needs to get growth by trade and exporting. and i think what we're missing at the moment is a global agreement whereby the big powers try to work on the economy. you have to have fiscal problems and you also have to have growth. that's the key for the future. there's a global deal waiting to be done, with china, europe, india also involved in this, and of course, america itself, where we could build the confidence that's necessary to get high levels of growth around the w
one is the fiscal cliff. you're one of the keener minds in great britain. what do you make of what's going on in america? the expression, if america sneezes, we all catch a cold back in europe, is as true as ever. what do you think should be hopping here to get a deal to avoid the fiscal cliff happening? >> i have no doubt that people are working hard to get a deal. we have the president re-elected and have a new congress, think it's right they get down to the business of sorting this...
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Dec 4, 2012
12/12
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CNNW
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we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even conceivable you negotiate down the top rates in the level under bill clinton a little bit by putting in the pot offsetting deductions for credits which would allow republicans to claim some sort of victory as well. that could be a scenario where you have a consensus on the tax run. >> let's run all of this by representative xavier becerra of california. he's joining us now. nice to see you, sir 367 appreciate your time. what is really the white house dismiss kind of out of hand i mean i don't have the exact number of minutes that they had this republican proposa
we'll go off the fiscal cliff, down the fiscal slope. yes i think it will happen because it is the one way republicans can, without violating the pledge, and offending the grand inquisitor grover norquist, it's the one way they can let this happen. >> and, in fact, you know, what could happen, you can imagine a scenario where you go off the cliff on taxes, rates go up for everybody, you then vote to restore the rates for the vast majority of taxpayers, 98%, and further it is even...
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Dec 8, 2012
12/12
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now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico, canada, probably less so in europe and japan. but there will be a ripple effects. >> are you worried about it? >> yes. of course i worry about it. the u.s. is a big chunk of the global economy. it has often been a driver of growth. and to have that player virtually flat, if not in recession, would be bad news for the rest of the world. we do not need that because recovery is fragile. we do not want to have this knock on affect on the fragile recovery. >> what would your message be to members of both parties on capitol hill as their negotiating? >> i would say focus on the real issue.
now things have changed and there is more concerned about the fiscal cliff. they asked about a resolution. >> what could the impact speed? we are looking at a time when the global recovery is fragile at best. >> of u.s. is 20% of the global economy. if the u.s. suffers as a result of a fiscal cliff, a complete wiping out of its growth is going to have repercussions around the world. probably half of that. if the u.s. economy has less growth, it will probably be 1% less in mexico,...
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click on the fiscal cliff link. write an e-mail to your senator or your representative. >>> prince george's county's 59th murder victim this year is one of the youngest. tonight police are looking for the person or people who killed a 14-year-old boy on sheridan street in lewisdale. matt jablow joinsous live from near the scene with -- joins us live from near the scene with the details. >> reporter: i'm standing now in a neighborhood many residents describe as safe. it happened just after midnight when 14-year-old elizer reyes was walking down the street near his house with two other people. a car drove up and shots were fired hitting the 14-year-old reyes and one of the people he was with. the 14-year-old was later pronounced dead at a local hospital. the other victim is in stable condition. it was a gang-related shooting and the victims were apparently targeted. i spoke earlier today with a woman who saw reyes literally dying in the street. what did you think when you saw what you saw last night? >> it breaks my h
click on the fiscal cliff link. write an e-mail to your senator or your representative. >>> prince george's county's 59th murder victim this year is one of the youngest. tonight police are looking for the person or people who killed a 14-year-old boy on sheridan street in lewisdale. matt jablow joinsous live from near the scene with -- joins us live from near the scene with the details. >> reporter: i'm standing now in a neighborhood many residents describe as safe. it happened...
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on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that
on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the...
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Dec 10, 2012
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fiscal cliff. i said it. i know you've heard it. a lot. but it turns out you might not have heard it enough because after another week without real progress in washington, the possibility of plunging off that cliff is become iing more of a reality and we're just tu 22 days and counting, but for the first time in ore three weeks, president obama and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially since there's been so little of that going on lately. after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales. we've also seen j
fiscal cliff. i said it. i know you've heard it. a lot. but it turns out you might not have heard it enough because after another week without real progress in washington, the possibility of plunging off that cliff is become iing more of a reality and we're just tu 22 days and counting, but for the first time in ore three weeks, president obama and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially...
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Dec 3, 2012
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however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still time. i think that's the important thing to know. it seems like one of the drops, first off, congressdoesn't like to hang around for christmas. we've learned that from past years. the payroll 2 cut last year out of here before christmas. they don't really like to do that. so i think really it seems the drop is the end of the year. but december 17th, the week before christmas is really seen as a very important week. there's still time to figure this out. anyone on both sides of this equation will tell you they know what the math is, zoraida. even if it's tough for us to understand, they understand what's at stake here. they understand how you have to move around some of these numbers. the question really is, this negative tone that we're hearing, much more negative than a couple weeks ago, how much of it is posturing, and how much of
however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still time. i think that's the important thing to know. it seems like one of the drops, first off, congressdoesn't like to hang around for christmas. we've learned that from past years. the payroll 2 cut last year out of here before christmas. they don't really like to do that. so i think really it...
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has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think the issue right away and when will the two of you sit down in around the world i don't think they'll be assured now it has to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt we'll discuss uncle sam's exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does this so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets in the big
has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think the issue right away and when will the two of you sit down in around the world i don't think they'll be assured now it has to do with sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of...
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Dec 6, 2012
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we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just...
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Dec 9, 2012
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this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to state of the union which starts in about ten minutes. >>> now, time to get ready for the week ahead, it's a busy week, monday, nobel prizes will be awarded, and on monday, it is fedex's busiest day. and tuesday, a big day for secretary of state hillary clinton, who travels to morocco. three days of talks with governments on how to end bloodshed in syria. more than 40,000 have died, including children, as owe now. and wednesday, the pope is tweeting, go on twitter to catch his first tweet from his personal account. the hope has managed to get nearly 600,000 followers in the last week. and on friday, person of the year, "time" is naming them. last year it was the protester that was picked. "time" is a sister company of cnn, and on saturday, egyptians vote. catch it live here on cnn. there you have it, a busy week ahead. it seems like whatever she does cases a stir, and now a tweet is causing a social media frenzy. take a look at your gas prices. the price fell a penny
this is a global village watching the fiscal cliff. >> thanks, looking forward to that. looking forward to state of the union which starts in about ten minutes. >>> now, time to get ready for the week ahead, it's a busy week, monday, nobel prizes will be awarded, and on monday, it is fedex's busiest day. and tuesday, a big day for secretary of state hillary clinton, who travels to morocco. three days of talks with governments on how to end bloodshed in syria. more than 40,000...
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Dec 7, 2012
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jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff, both the talks and the fact we're short on money. will it hurt his party or not? roland martin joins me. good to see both of you. ryan, you spoke very early on about how well you thought chris christie handled this sform politically and ever other way, but now he asks for fungd as republicans try to cut spending. is he hurting his own party? >> whether you're a republican or democratic governor you want to secure money from federal taxpayers. that's a classic move. it sure is. is it undermining republicans in congress? it probably
jersey shore meets fiscal cliff. chris christie was at the white house and on capitol hill today asking for more federal funding for the storm ravaged state. a republican is asking for more money from washington, as republicans slam the president for additional spending is, well, perhaps problematic. democratic senator chuck schumer whose own home state of new york was hard-hit pointed out the irony of christie's request today saying it doesn't come at an opportune time of the fiscal cliff,...
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Dec 3, 2012
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. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement by january 1st. 16 days to get here. >> i think we're far apart still, but i think we're moving closer together. >> i would say we're nowhere, period. we're nowhere. >> reporter: thursday treasury secretary timothy geithner proposed president obama's plan which included $1.6 trillion in tax revenue coming largely from an expiration of bush era tax cuts for families who make more than $250,000 a year. geithner says that's a must. >> there's not going to be an agreement without rates going up. >> reporter: the administration's plan also included $50 billion
. >>> the fiscal cliff, less than a month away. if democrats and republicans don't reach an agreement, everybody's taxes will go up january 1st, and as emily schmidt reports, there's been a lot of talking on the sunday talk shows but not at the negotiating table. >> reporter: it's been 16 days since president obama and congressional leaders met to talk about how to avoid the fiscal cliff. the automatic spending cuts and tack increases that begin to kick in if there's no agreement...
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. >>> but first, the president has a plan to avoid the fiscal cliff. but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a b
. >>> but first, the president has a plan to avoid the fiscal cliff. but republican house speaker john boehner dismisses it as, and i'm quoting, la la land. the republicans offered their proposal, that happened about 24 hours ago. the white house quickly labels it as nothing new. business as usual, right? so how do we move beyond this stalemate in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica,...
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first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics. that's somethingsona that shouldn't even be discussed on air. i know everybody's hostage to washington these days. there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that
first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics....
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last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6rillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the sa comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying. th
last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6rillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not...
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. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> reporter: marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over half a million marylanders depend directly on the federal government for their job. >> the middle class has suffered enough. all marylanders will be affected if we allow the fiscal cliff to happen. >> reporter: while they hash it out on the hill, they are urging to work together to avoid automatic increases and spending cults set for the -- cuts set for the end of the year. >> a group demonstrating made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts to social security. and we would like to see things change. and we don't want to see our public hurt in any way. we want to serve the public every day. >> you don't take money out of people's hands whe
. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> reporter: marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over half a million marylanders depend directly on the federal government for their job. >> the middle class has suffered enough. all marylanders will be...
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. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year
. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your...
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. >>> fiscal cliff challenge today. house speaker john boehner said if the president does not like the republican offer, he should present a credible plan of his own that can pass both houses. meanwhile, the white house said tonight president obama has a two-step plan. the first is to extend the middle class tax cuts while allowing cuts for the wealthiest americans to expire. the second is to call for tax reform by august 1st of next year. in the meantime, the nation's debt ceiling is looming in january. the president's warning republicans not to include any debt limit concessions in their fiscal cliff strategy. >>> we have had a lovely week around here. but it's time to get back to a little december reality. >> would you look at that. veronica has a look at another change coming our way. what about it, veronica? >> do you like that sunset? isn't that gorgeous? >> it's lovely. >> fiery red there on the horizon. and not a bad day. the wind picked up a bit. that northwesterly wind behind the cold front that came through v
. >>> fiscal cliff challenge today. house speaker john boehner said if the president does not like the republican offer, he should present a credible plan of his own that can pass both houses. meanwhile, the white house said tonight president obama has a two-step plan. the first is to extend the middle class tax cuts while allowing cuts for the wealthiest americans to expire. the second is to call for tax reform by august 1st of next year. in the meantime, the nation's debt ceiling is...
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. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter:
. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes...
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we do not want to go off the fiscal cliff. martha: the white house is saying, obviously, they will not do any deal that does not include what was one of their number one campaign motivations and slogans, and that was that taxes must go up. the tax rate must go up on the rich. so what are you going to do with that? >> look, the president said he wanted revenues, we provided revenues -- martha: he's saying tax rates must go up, and are you saying there is no way still that that will happen, not even the slightest bit? >> new taxes are coming out with obamacare. we're continuing to tax individuals. we're harming our growth. can we get the revenue the president asks? yes, we can, with protecting the growth in the economy x. that's what we provided to the president. the president continues to change the goalpost along this process. we think what has to happen here now that if we agreed to revenue, let's talk about the balanced approach and the two and a half times the spending cuts. the president won't talk about that. in geithner'
we do not want to go off the fiscal cliff. martha: the white house is saying, obviously, they will not do any deal that does not include what was one of their number one campaign motivations and slogans, and that was that taxes must go up. the tax rate must go up on the rich. so what are you going to do with that? >> look, the president said he wanted revenues, we provided revenues -- martha: he's saying tax rates must go up, and are you saying there is no way still that that will happen,...
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what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very painful cuts to medicare. i just did it in a 242-page bill that i have shared with the white house, shared with boehner, shared with mcconnell, in order to move us beyond this silly debate that's taking place. the fact is, claire knows this and i know this. there are serious reforms that have to take place in medicare for our country to become solvent. >> well, we have to be careful. and you're right about this, david. what is really irresponsible, that $716 billion, that was low-hanging fruit. that was fluff in the medicare system, savings that we had to recover. and by the way, it's the same savings that was i
what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's going to restructure medicare? >> i think that both -- look, i have laid out in great detail very...
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that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> well, and if it continues to print money it will be a bigger hell. if we avoid the fiscal cliff we end up throwing the dollar over the currency cliff because we send a message to the world america will never pay its bills. we'll keep borrowing money until the creditors cut us off. that is when interest rates skyrocket. the pressure on the fed and if the fed caves in to buy up all the bonds nobody wants we destroy the dollar. that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term th
that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> well, and if it continues to print money...
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be progress these days here on capitol hill. >> we'll take that. tracie potts for us in washington. tracie, thanks. >>> egypt state television is reporting at least five people were killed in overnight flashes between supporters and opponents of egyptian president mohammed morsi. the street battles were the most violent since egypt's latest crisis erupted two weeks ago where morsi assumed near absolute power. the opposition is vowing more protests later today. >>> this morning, two australian radio hosts are apologizing for a prank call that's getting worldwide attention. it
the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned, but just the fact that they're talking seems to be...
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Dec 5, 2012
12/12
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fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at
fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end...
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this is all about the fiscal cliff. we keep saying over and over it is boring but these guys have to get some resolution. tracy: what is the consensus of people you are speaking to on the telephone on wall street? did in come to some bipartisan agreement? >> no they don't and they're getting angry. [talking over each other] tracy: the rates go up essentially? nicole: special dividends tell you companies and a lot of them have been down in washington recently thinking this is not going to happen. they are declaring dividends ahead of a little bit. the general consensus, market's going to stay where it they are, this is a headline driven market. the flavor of the day is going to be where we are and that is why you will not see reinvestment. this is a trader's market. nicole: a lot of stories stocks will looking at with earnings and such but the big picture -- >> you can still make monee somewhere. nicole: if you pick the stocks. [talking over each other] tracy: see you in 15 minutes. ashley: crude oil futures at $88.50 a
this is all about the fiscal cliff. we keep saying over and over it is boring but these guys have to get some resolution. tracy: what is the consensus of people you are speaking to on the telephone on wall street? did in come to some bipartisan agreement? >> no they don't and they're getting angry. [talking over each other] tracy: the rates go up essentially? nicole: special dividends tell you companies and a lot of them have been down in washington recently thinking this is not going to...
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Dec 4, 2012
12/12
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the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we continue to oppose. they were referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop puts forth a plan that includes a tax rate hike. the obstacle continues to be republicans who hold out hope. millionaires and billionaires. while it sounds like the two sides are far apart, the budget numbers are not that far apart. the white house you get close. they say
the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that...